LexAlign automates the onsite audit function using a sophisticated diagnostic assessment. LexAlign replaces the manual questionnaire process most widely used today.
The LexAlign diagnostic assessment derives directly and transparently from regulatory guidance (in the form of exam manuals, institution letters, bulletins, supervisory highlights, summaries to rule changes, etc.), so that what is measured (and risk rated) are customer operational deviations from those official expectations. In effect, LexAlign makes expert guidance accessible in a targeted way to the persons actually conducting the activities.
When a customer completes the LexAlign diagnostic assessment, they have immediate access to an audit report with gap analysis and action plan that explains their risk factors and how to remediate them. This empowers the customer to manage their own operational risks.
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